Skip to content The breakout of S&P500 through the 5586.6802 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, S&P500 could test 5517.3970 within the next 3 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
The movement of BTCUSD towards the support line of a Falling Wedge is yet another test of the line it reached numerous times in the past. This line test could happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
BRN/USD is once again retesting a key horizontal support level at 73.0005. It has tested this level 6 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.
Channel Up pattern identified on GBPJPY has broken through a support level with the price momentum continuing to move in an downward direction. A solid trading opportunity continues with the price expected to reach 192.8432 in the next 2.
EURUSD has broken through a line of 1.0778 and suggests a possible movement to 1.0749 within the next 12 hours. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back […]
XAGUSD was identified at around 34.49455 having recently rebounded of the support on the 4 hour data interval. Ultimately, the price action of the stock has formed a Channel Up pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 35.0217 level.
